Trump plans to ramp up taxes on imports, plus a 'matching tax', if elected

<p>The US Presidential election is not until November next year, but jockeying for position is starting. </p><p>Trump is the frontrunner, easily, he is way out ahead, amongst Republican hopefuls, despite his imminent arrest:</p><ul><li><a href="https://www.forexlive.com/news/former-us-president-leading-republican-2024-candidate-trump-to-turn-himself-in-thursday-20230821/" target="_blank" rel="follow" data-article-link="true">Former US President &amp; leading Republican 2024 candidate Trump to turn himself in Thursday</a></li></ul><p>Trump on Fox TV promised huge new taxes:</p><p>reaffirmed his idea of a universal tariff, taxing all goods from foreign producers by a certain amount upon import</p><ul><li>“I think when companies come in and they dump their products in the United States, they should pay, automatically, let’s say, a 10% tax,"</li><li>"That money would be used to pay off debt. It's a massive amount of money even at 10%."
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"The other thing I want to have is a matching tax" </li></ul><p><a href="https://www.washingtonexaminer.com/news/campaigns/trumps-tariff-plan-former-president-floats-huge-new-tax-returns-white-house" target="_blank" rel="nofollow">More here. </a></p><p>Trump lost the 2020 presidential election to Joe Biden, he's looking for another round. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.